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صدى البلد
Energy source security amid market disruptions
Dr. Gamal El-Qallyoubi, Professor of Petroleum Engineering and Energy, emphasized the importance of securing electricity and energy sources for any country to ensure needs are met and stability is maintained. He explained that energy market disruptions since the beginning of the conflict between the United States and Israel on one side, and Iran on the other, have increased uncertainty regarding oil prices. He pointed out that energy security requires maintaining surplus reserves to handle emergencies. Since 2017, Egypt has been moving toward reducing dependence on fossil fuels and promoting green and renewable energy sources, while the petroleum sector continues efforts in exploration to support local production and boost exports.
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